CatManDoo sold 4,500 bags of kitty litter during the month of June at a price of $10/bag.
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CatManDoo sold 4,500 bags of kitty litter during the month of June at a price of $10/bag. The company offers a full refund to unsatisfied customers for any product returned within 30 days from the date of purchase. Based on historical experience, Aria expects that 2% of sales will be returned. How much revenue should CatManDoo recognize in June?
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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